Relinquishment deed

Floyd Dsouza (Querist) 07 July 2015 This query is : Resolved
Flat Sale Agreement -Mother-In-law name first
, daughter second and son-in-law third.
Mother-in-law wants to transfer her share to her daughter who is second in agreement. Is execution of Relinquishment Deed the right way and what would the stamp and registration duty. Please advise/suggest. Thanks n Regards

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Jayashree Hariharan (Expert) 08 July 2015
she can give gift deed, settlement deed, release deed or even sale deed. for the registration, you have to refer to your State where you live. each state has a different stamp duty.

Anirudh (Expert) 08 July 2015
By executing and Registering the Relinquishment Deed, your mother-in-law will be able to legally give her share in the property to her daughter i.e. your wife. THIS WILL BE THE CHEAPEST MODE INVOLVING VERY VERY NOMINAL STAMP DUTY.

Settlement Deed will involve slightly a higher stamp duty.

The Stamp duty involved in GIFT DEED will definitely be the highest compared to the the Relinquishment Deed and settlement deed.

dev kapoor (Expert) 08 July 2015
Agree with above experts views.I add there is no bar for her to execute a Relinquishment Deed of her share in favor of her daughter.Go ahead.Stamps as per your State rules

Guest (Expert) 08 July 2015
Consult your State's Advocate for final decision and stamp duty.

Advocate. Arunagiri (Expert) 08 July 2015
It seems the author speaks about the sale agreement, not the sale deed. At the stage of the sale agreement, no relinquishment can be executed.

Guest (Expert) 08 July 2015
Dear Author even in Sale Agreement the Relinquishment is Possible and Eligible Legally.

Kumar Doab (Expert) 08 July 2015
It is sale agreement and not sale deed as noted and responded by Experts.

Dr J C Vashista (Expert) 09 July 2015
I agree with the expert advise of Mr. Anirudh. The mother can relinquish her share in favour of her daughter through a registered RD, the most economical and best option in comparison to any other document for the transfer of title of property.